Posted 2/23/2024, 8:49:00 AM
Summers Warns Markets Could Be Underpricing Risks Despite Gains
- Markets are rallying in 2024 after huge gains in Nvidia stock
- Larry Summers warns markets may be underpricing political and social risks
- Summers cites global protectionism and restrictions on goods, capital, and people movements as "real risks"
- Summers spoke at Miami summit along with former Google CEO Eric Schmidt
- Other high profile names like Jamie Dimon and Ray Dalio also citing political concerns for markets amid wars in Ukraine and Gaza